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Comprehensive Report : Autoresearch Laboratories Del

© 2002 Dun & Bradstreet, Inc. All Rights Reserved.

Refer comments or questions to Customer Service.

 

 

------------------------------------------------------------------------

 

 

Business Summary

 

 

AUTORESEARCH LABORATORIES INC                         DUNS: 00-542-8479

(DEL)                                   FINANCIAL STRESS CLASS: 0

  (DEBTOR-IN-POSSESSION)                CREDIT SCORE CLASS:     0

 

6735 S OLD HARLEM AVE                              KEY

(BEDFORD PARK)                         =============================

AND BRANCH(ES) OR DIVISION(S)          LOWEST RISK      HIGHEST RISK

CHICAGO IL 60638                           1    2    3    4    5

TEL: 708 563-0900

 

SIC:      87 34

LINE OF BUSINESS: FUEL AND LUBRICANT ADDITIVE TESTING FACILITY

YEAR STARTED:      1959

CONTROL DATE:      1997                         DATE PRINTED: JUL 23 2002

 

CHIEF EXECUTIVE: GERALD KELLER, CHB-PRES-CEO

 

 

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Executive Summary

 

- Evidence of bankruptcy proceedings, receivership, settlement with creditors

  (composition or "workout").  See SPECIAL EVENTS, HISTORY or PUBLIC FILINGS

  section.

- Subject company pays its bills an average 87 days beyond terms.

- Subject company's industry pays its bills an average 8 days beyond terms.

- Subject company pays its bills slower than the average for its industry.

- UCC filing(s) are reported for this business.

- Financing is secured.

- Under present management control 5 years.

- Evidence of open Suit(s) and Judgment(s) in the D&B database.

- History is business.  See HISTORY, PUBLIC FILINGS or SPECIAL EVENTS section.

 

 

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Credit Capacity Summary

 

D&B Rating:     --                 Payment Activity

                                     (based on 7 experiences):

                                      Average High Credit:    $4,325

# of Employees                        Highest Credit:         $25,000

Total:          39                    Total Highest Credits:  $33,450

               (27 Here)

 

Worth:            -

Working Capital:  -

 

 

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Financial Stress Summary

 

Based on information in D&B's data files, the FINANCIAL STRESS CLASS for this

business is 0. This means the company is either OPEN BANKRUPTCY, DISCONTINUED

OPERATING AT THIS LOCATION, or cannot be scored. See SPECIAL EVENTS for

details.

 

Financial Stress Norms are provided in the next section to support your

analysis of other accounts you may have with similar demographic

characteristics as the subject company.

 

You may also wish to order full reports on these firms for a more thorough

review of their risk profile.

 

 

===============================================================================

Financial Stress Norms

                                                                      National

Norms for Companies in the Same ...                                  Percentile

 

     - Region  (EAST NORTH CENTRAL)                                      49

 

     - Industry: BUSINESS, LEGAL AND ENGINEERING SERVICES                51

 

     - Employee Range (20-99)                                            72

 

     - Years in Business Range (3-5)                                     40

 

 Notes:

 -  Financial Stress statistics are derived using D&B's Stress Model. This

    model uses mathematical probabilities to determine the likelihood of a

    business experiencing financial stress within a twelve month period.

    Companies experiencing financial stress are those that terminate operations

    without paying all creditors in full, or reorganize or obtain relief from

    creditors under state or federal law.

 -  Based on 1997 failure statistics.

 -  Percentiles are based on a 100 point scale.

 -  The National Percentile reflects the relative ranking of a company

    among all scorable companies in D&B's file.

 

 

===============================================================================

Credit Score Summary

 

Based on information in D&B's data files, the CREDIT SCORE CLASS for this

business is 0.  This means the company is either OPEN BANKRUPTCY, DISCONTINUED

OPERATING AT THIS LOCATION, or cannot be scored.  See SPECIAL EVENTS for

details.

 

Credit Score Norms are provided in the next section to support your analysis of

other accounts you may have with similar demographic characteristics as the

subject company.

 

You may also wish to order full reports on these firms for a more thorough

review of their risk profile.

 

 

===============================================================================

Credit Score Norms

                                                                      National

Norms for Companies in the Same ...                                  Percentile

 

     - Region  (EAST NORTH CENTRAL)                                      53

 

     - Industry: BUSINESS, LEGAL AND ENGINEERING SERVICES                50

 

     - Employee Range (20-99)                                            57

 

     - Years in Business Range (3-5)                                     37

 

Note:

-  Credit Score predicts the likelihood of a firm paying in a severely

   delinquent manner (90+ Days Past Terms) over the next twelve months.  It was

   calculated using statistically valid models and the most recent payment

   information in D&B's files.

-  Percentiles are based on a 100 point scale.

-  The percentile ranks a firm relative to other businesses.  For example, a

   typical company located in a specific geographic region that is in the 80th

   percentile nationwide is a better risk than 79% of the total population of

   scored companies in D&B's files.

 

 

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Payment Trends

 

PAYDEX scores below are based on dollar weighted trade in most recent 12 mos.

 

                '00 '00 '01 '01 '01 '01 '01 '01 '01 '02 '02 '02 '02 '02 '02 '02

                SEP DEC MAR JUN AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL

 

FIRM             54  50  50  38  31  30  31  31  31  31  31  31  31  31  31  31

 

Industry

Quartiles

----------

Upper            79  79  79  79      79          79          79

Median           75  75  75  75      74          75          75

Lower            67  67  68  67      66          66          68

 

   Industry PAYDEX based on:       KEY TO PAYDEX SCORES:

   SIC:  8734                        79   2 Days Beyond Terms

   548 Firms                         75   8 Days Beyond Terms

                                     30  90 Days Beyond Terms

 

 

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Summary Of Payment Habits

 

Dollar Range Comparisons:

 

Suppliers That          Number of        Total       % of Dollars

Extend Credit of...     Experiences:     Amount      Within Terms

 

                             #             $              %

 

OVER $100,000                0                0           0

$50,000 - 99,999             0                0           0

$15,000 - 49,999             1           25,000           0

$ 5,000 - 14,999             0                0           0

$ 1,000 - 4,999              0                0           0

    Under 1,000              5              950          63

 

 

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Payment Analysis By Industry

 

There are 7 payment experiences in D&B's file for the most recent 12 months,

with 3 experiences reported during the last three month period.

 

                      Total     Dollar    Highest   Within Slow Slow  Slow Slow

                      Recd      Amount    Credit    Terms  1-30 31-60 61-90 91+

                       #           $         $       --- % of dollar amount ---

 

Total in D&B's File     7         33,450     25,000

 

Industry

 

Nonclassified           2            350        250   100   0     0    0    0

Petroleum refining      1         25,000     25,000     0   0     0  100    0

Short-trm busn credit   1            250        250   100   0     0    0    0

Mfg overhead hoists     1            250        250     0   0     0  100    0

Whol misc profsn eqpt   1            100        100     0   0     0    0  100

 

OTHER PAYMENT CATEGORIES:

Cash Experiences        0              0

Paying Record Unknown   1          7,500

Unfavorable Comments    0              0

Placed for Collection

  with D&B              0              0

  other                 0            N/A

 

Indications of slowness can be the result of disputes over merchandise, skipped

invoices, etc.

 

 

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Public Filings Summary

 

The following data includes both open and closed filings found in

D&B's database on the subject company.

 

                                                       Most Recent

            Record Type                    #           Filing Date

 

     Bankruptcy Proceedings                1            10/10/2000

     Judgments                             1            05/18/2000

     Liens                                 0                -

     Suits                                 3            05/25/2001

     UCC's                                20            06/27/2000

 

 

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Public Filings Detail

 

         The following data is for information purposes only and is not the

         official record.  Certified copies can only be obtained from the

         official source.

 

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                           * * * BANKRUPTCY * * *

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STATUS:      OPEN                      BANKRUPT SUBJECT: AUTORESEARCH

DATE STATUS ATTAINED:  10/10/2000                        LABORATORIES

DATE BANKRUPTCY FILED: 10/10/2000                        INCORPORATED

LATEST INFO COLLECTED: 10/11/2000                        6735 S OLD HARLEM

CHAPTER NO:  11                                          AVENUE

TYPE:        VOLUNTARY                                   CHICAGO, IL 60638

WHERE FILED: U S BANKRUPTCY COURT      PETITION SIGNER:  Gerald H Keller,

             219 SOUTH DEARBORN ST                       President-CEO

             CHICAGO, IL 60604         ATTORNEY: JAMES P WOGNUM

DOCKET NO:   00-29573                            122 S MICHIGAN AVE, SUITE

                                                 1290

                                                 CHICAGO, IL 60603

                                       JUDGE:    JOHN D SCHWARTZ

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                           * * * JUDGMENT(S) * * *

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CASE NO.: M3 436

JDGMT AWARD: $13,271                          STATUS: Unsatisfied

JDGMT TYPE:  Judgment                         DATE STATUS ATTAINED:  05/18/2000

AGAINST:     AUTORESEARCH LABORATORIES INC    DATE ENTERED:          05/18/2000

IN FAVOR OF: AMERITECH CREDIT CORPORATION     LATEST INFO RECEIVED:  06/13/2000

WHERE FILED: COOK COUNTY CIRCUIT COURT/3RD

             MUNICIPAL DIVISION, ROLLING

             MEADOWS, IL

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                             * * * SUIT(S) * * *

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CASE NO.: 1M1 125097

SUIT AMOUNT: $9,014                           STATUS: Pending

PLAINTIFF:   CHICAGO TRUCK CENTER INC         DATE STATUS ATTAINED:  05/25/2001

DEFENDANT:   AUTORESEARCH LABORTORIES         DATE FILED:            05/25/2001

             INCORPO                          LATEST INFO RECEIVED:  06/05/2001

WHERE FILED: COOK COUNTY CIRCUIT COURT/1ST

             MUNICIPAL DIVISION, CHICAGO, IL

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CASE NO.: M1 162008

SUIT AMOUNT: $273                             STATUS: Pending

PLAINTIFF:   COLUMBUS MC KINNON CORPORATION   DATE STATUS ATTAINED:  12/29/2000

DEFENDANT:   AUTORESEARCH LABORATORIES        DATE FILED:            12/29/2000

             INCORP                           LATEST INFO RECEIVED:  01/09/2001

WHERE FILED: COOK COUNTY CIRCUIT COURT/1ST

             MUNICIPAL DIVISION, CHICAGO, IL

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CASE NO.: M3 436

SUIT AMOUNT: $13,271                          STATUS: Pending

PLAINTIFF:   AMERITECH CREDIT CORPORATION     DATE STATUS ATTAINED:  02/04/2000

DEFENDANT:   AUTORESEARCH LABORATORIES INC    DATE FILED:            02/04/2000

WHERE FILED: COOK COUNTY CIRCUIT COURT/3RD    LATEST INFO RECEIVED:  02/22/2000

             MUNICIPAL DIVISION, ROLLING

             MEADOWS, IL

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                           * * * UCC FILING(S) * * *

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COLLATERAL: Negotiable instruments including proceeds and products - Inventory

            including proceeds and products - Account(s) including proceeds and

            products - Business machinery/equipment including proceeds and

            products - and OTHERS

FILING NO:  003901441                         DATE FILED:            08/31/1998

TYPE:       Original                          LATEST INFO RECEIVED:  10/02/1998

SEC. PARTY: NORWEST BUSINESS CREDIT INC,      FILED WITH: SECRETARY OF

            MILWAUKEE, WI                                 STATE/UCC DIVISION,

DEBTOR:     AUTORESEARCH LABORATORIES INC                 IL

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COLLATERAL: Specified Negotiable instruments including proceeds and products -

            Specified Inventory including proceeds and products - Specified

            Account(s) including proceeds and products - Specified Account(s)

            including proceeds and products - and OTHERS

FILING NO:  002690178                         DATE FILED:            03/14/1990

TYPE:       Original                          LATEST INFO RECEIVED:  03/30/1990

SEC. PARTY: HARRIS TRUST & SAVINGS BANK,      FILED WITH: SECRETARY OF

            CHICAGO, IL                                   STATE/UCC DIVISION,

DEBTOR:     AUTORESEARCH LABORATORIES, INC                IL

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FILING NO:  003332577                         DATE FILED:            11/28/1994

TYPE:       Continuation                      LATEST INFO RECEIVED:  12/07/1994

SEC. PARTY: HARRIS TRUST & SAVINGS BANK,      ORIG. UCC FILED: 03/14/1990

            CHICAGO, IL                       ORIG. FILING NO: 002690178

DEBTOR:     AUTORESEARCH LABORATORIES INC     FILED WITH: SECRETARY OF

            AUTORESEARCH LABORATORIES INC,                STATE/UCC DIVISION,

            HARVEY, IL                                    IL

            AUTORESEARCH LABORATORIES INC,

            CHICAGO, IL

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COLLATERAL: Fixtures and proceeds - Building(s) and proceeds

FILING NO:  004232221                         DATE FILED:            06/27/2000

TYPE:       Original                          LATEST INFO RECEIVED:  07/24/2000

SEC. PARTY: WELL FARGO BUSINESS CREDIT INC,   FILED WITH: SECRETARY OF

            MILWAUKEE                                     STATE/UCC DIVISION,

DEBTOR:     AUTORESEARCH LABORATORIES INC                 IL

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COLLATERAL: Equipment and products

FILING NO:  003750396                         DATE FILED:            10/14/1997

TYPE:       Original                          LATEST INFO RECEIVED:  11/14/1997

SEC. PARTY: CATERPILLAR INC, PEORIA, IL       FILED WITH: SECRETARY OF

DEBTOR:     AUTOSRESEARCH LABORATORIES INC                STATE/UCC DIVISION,

                                                          IL

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COLLATERAL: Equipment and products

FILING NO:  003613430                         DATE FILED:            11/18/1996

TYPE:       Original                          LATEST INFO RECEIVED:  02/03/1997

SEC. PARTY: CATERPILLAR INC, PEORIA, IL       FILED WITH: SECRETARY OF

DEBTOR:     AUTORESEARCH LABORATORIES INC                 STATE/UCC DIVISION,

                                                          IL

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COLLATERAL: Computer equipment - Equipment

FILING NO:  004082550                         DATE FILED:            08/23/1999

TYPE:       Original                          LATEST INFO RECEIVED:  10/04/1999

SEC. PARTY: LIBERTY LEASING CO, WEST DES      FILED WITH: SECRETARY OF

            MOINES, IA                                    STATE/UCC DIVISION,

DEBTOR:     AUTORESEARCH LABORATORIES INC,                IL

            HARVEY, IL

-------------------------------------------------------------------------------

COLLATERAL: Specified Computer equipment including proceeds and products

FILING NO:  003320520                         DATE FILED:            10/26/1994

TYPE:       Original                          LATEST INFO RECEIVED:  10/31/1994

SEC. PARTY: LINC QUANTUM ANALYTICS INC,       FILED WITH: SECRETARY OF

            FOSTER CITY, CA                               STATE/UCC DIVISION,

DEBTOR:     AUTORESEARCH LABORATORIES INC,                IL

            HARVEY, IL

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COLLATERAL: Specified Equipment including proceeds and products

FILING NO:  3152494                           DATE FILED:            08/04/1993

TYPE:       Original                          LATEST INFO RECEIVED:  08/25/1993

SEC. PARTY: LINC QUANTUM ANALYTICS, FOSTER    FILED WITH: SECRETARY OF

            CITY, CA                                      STATE/UCC DIVISION,

ASSIGNEE:   NATIONAL WESTMINSTER BANK                     IL

            USA-AGENT, NEW YORK, NY

DEBTOR:     AUTORESEARCH LABORATORIES

            INCORPORATED, HARVEY, IL

-------------------------------------------------------------------------------

COLLATERAL: Leased Communications equipment

FILING NO:  003451819                         DATE FILED:            09/28/1995

TYPE:       Original                          LATEST INFO RECEIVED:  10/02/1995

SEC. PARTY: AMERITECH CREDIT CORP, ROLLING    FILED WITH: SECRETARY OF

            MEADOWS, IL                                   STATE/UCC DIVISION,

DEBTOR:     AUTORESEARCH LABORATORIES INC                 IL

-------------------------------------------------------------------------------

COLLATERAL: Specified Equipment

FILING NO:  003241913                         DATE FILED:            04/06/1994

TYPE:       Original                          LATEST INFO RECEIVED:  04/11/1994

SEC. PARTY: TRIUMPHE FINANCIAL CORP,          FILED WITH: SECRETARY OF

            PLYMOUTH MEETING, PA                          STATE/UCC DIVISION,

DEBTOR:     AUTORESEARCH LABORATORIES INC                 IL

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FILING NO:  003286895                         DATE FILED:            07/26/1994

TYPE:       Assignment                        LATEST INFO RECEIVED:  08/01/1994

ASSIGNEE:   LIBERTY LEASING CO, WEST DES      ORIG. UCC FILED: 04/06/1994

            MOINES, IA                        ORIG. FILING NO: 003241913

DEBTOR:     AUTORESEARCH LABORATORIES INC     FILED WITH: SECRETARY OF

                                                          STATE/UCC DIVISION,

                                                          IL

-------------------------------------------------------------------------------

FILING NO:  003324538                         DATE FILED:            11/02/1994

TYPE:       Assignment                        LATEST INFO RECEIVED:  11/07/1994

ASSIGNEE:   HANCOCK COUNTY BANK & TRUST,      ORIG. UCC FILED: 04/06/1994

            GARNER, IA                        ORIG. FILING NO: 003241913

DEBTOR:     AUTORESEARCH LABORATORIES INC     FILED WITH: SECRETARY OF

                                                          STATE/UCC DIVISION,

                                                          IL

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FILING NO:  000440008                         DATE FILED:            12/08/1998

TYPE:       Termination                       LATEST INFO RECEIVED:  12/14/1998

SEC. PARTY: HANCOCK COUNTY BANK & TRUST,      ORIG. UCC FILED: 04/06/1994

            GARNER, IA                        ORIG. FILING NO: 003241913

DEBTOR:     AUTORESEARCH LABORATORIES INC     FILED WITH: SECRETARY OF

                                                          STATE/UCC DIVISION,

                                                          IL

-------------------------------------------------------------------------------

 

         There are additional UCC's in D&B's file on this company

         available by contacting 1-800-234-3867.

 

         The public record items contained in this report may have been

         paid, terminated, vacated or released prior to the date this

         report was printed.

 

 

===============================================================================

Business Background

 

                                     HISTORY

         ----------------------------------------------------------------------

 

         The Corporate Details provided below may have been submitted by the

         management of the subject business and may not have been verified with

         the government agency which records such data.

 

         BUSINESS TYPE: Corporation -       DATE INCORPORATED: 05/16/1959

                        Profit              STATE OF INCORP:   Delaware

 

         AUTH SHARES-COMMON:  129,000

         PAR VALUE-COMMON:    No Par Value

         ----------------------------------------------------------------------

04/30/02

         GERALD KELLER, CHB-PRES-CEO        JOHN G BAILEY, V PRES FIN-SEC-

                                            TREAS

         DIRECTOR(S):  Ken Hennessy, Frank Kloupek, Donald L. Powell, Robert

         Ziomek, Donald Schroedter and Edward Huskisson.

 

 

              Business started 1959 by H. Ruwe Barton, Donald L. Powell and

         Thomas B. Langan. 100% of capital stock is owned by officers and

         employees.

              100% of the capital stock is the officers and Employee Stock

         Ownership Plan (ESOP) with no one individual owning more than 10%.

              H. Ruwe Burton and Thomas B. Langan withdrew from the

         corporation.

              GERALD KELLER born 1943.  1987-present active here.  1964-87

         employed by Richfield Company, Atlanta, GA.

              JOHN G BAILEY born 1952.  Graduated from Bradley University, BS

         in 1974 and North Central College, BS in 1986.  1974-78 employed by

         Canada Dry Corp, Chicago, IL.  1978-80 employed by C. G. Conn Ltd,

         Elkhart, IN.  1980-83 employed by Lehigh Cadillac Printing Co,

         Chicago, IL.  1983-present active here.  1986 secretary and treasurer.

              On October 10, 2000, the chapter Eleven bankruptcy,  file number

         00-29573, filed in the U S BANKRUPTCY COURT,  CHICAGO,  IL,  was open

         for Autoresearch Laboratories Inc (Del).

 

 

                                    OPERATIONS

 

04/30/02      Operates as a fuel and lubricant additive testing facility which

         does research of hardware and durability of oil.

         Sells on net 30 day terms.  Has 150 account(s).  Sells to petroleum

         and automotive industries. Territory : International.  Exports 10%.

         Nonseasonal.

              EMPLOYEES:  39 which includes officer(s) and 2 part-time.   27

         employed here.

              FACILITIES:  Owns 45,000 sq. ft. in a one story brick building.

              LOCATION:  Industrial section on main street.

              BRANCHES:  The company maintains a research facility at 14750 S

         Wallace St, Harvey, IL (44,000 sq. ft.).

 

 

===============================================================================

Financial Summary

 

                           KEY BUSINESS RATIOS

 

NOTE:

D&B has been unable to obtain sufficient financial information from this

company to calculate business ratios.  Our check of additional outside sources

also found no information available on its financial performance.

 

To help you in this instance, ratios for other firms in the same industry are

provided below to support your analysis of this business.

 

                  (Industry Norms Based on 22 Establishments)

 

          Profitability       Short-Term        Efficiency         Utilization

                %             Solvency             (%)                 (%)

          Return   Return    Curr   Quick    Assets/  Sales/      Total Liabs/

         on Sales  on Net    Ratio  Ratio     Sales  Net working    Net Worth

                   Worth                               Capital

 

Firm         UN       UN       UN     UN        UN         UN           UN

 

Industry    0.6      2.8      2.6    2.3      45.5        6.4         69.7

Median

 

Industry     UN       UN       UN     UN        UN         UN           UN

Quartile

 

UN = Unavailable

 

                             FINANCIAL INFORMATION

 

04/30/02      Accountant: John R Waters & Company, Chicago, IL.

                                        --0--

              As of April 30, 2002, a search of Dun & Bradstreet's Public

         Record Database found no open liens to which this company was named

         defendant or debtor.  Public records received hereafter will be

         entered into the Database.

               On April 30, 2002,  attempts to contact the management of this

         business have been unsuccessful. Outside sources confirmed operation

         and location.

 

 

===============================================================================

Customer Service

If you need any additional information, or have any questions regarding this

report, please call our Customer Service Center at (800) 234-3867 from

anywhere within the U.S.  From outside the U.S., please call your local D&B

office.

 

===============================================================================

 

 

 

 

 

 

 

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